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The FOMC holds benchmark interest rate at 1.00-1.25% as expected Fed says; Economic activity rising at solid rate despite storms. The labor market continued to strengthen, unemployment declined. Market-based inflation compensation gauges still low.
No change is expected in monetary policy, but we should focus on the Fed outlook for rates, is shifting, or whether the committee is still looking to raise rates once more this year. We might see high volatility in the market after the rate decision.
No change is expected in the FOMC monetary policy. Also, there is no press conference associated with this FOMC meeting but we should focus on the Fed outlook for rates. Recent economic data support for rate hikes once more this year. US data released over the past week; the GDP (Q3) growth, Jobl...
Crude oil stocks are expected to decline by 1.756 M this week.It may be important for oil. Note that oil stocks declined by 0.856M barrels last week.
The ADP data is expected to see 200K jobs created after Hurricanes Harvey and Irma impacted the September report. Note that September ADP number was 135K. A higher than expected reading should be taken as positive for the US Dollar.
We will focus on October ADP Non-Farm Payrolls Report and The FOMC Monetary Policy Meeting today from the US. The ADP data is expected to see 200K jobs created after 135K a month earlier. A higher than expected reading should be taken as positive for the US Dollar. No change i...
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